Sembcorp Signs MoUs with Odisha for 720,000-MTPA Hydrogen Plant

20 Jan 2025 CW Team

The MoUs were signed by the company with the Industrial Promotion & Investment Corporation of Odisha and the Odisha Industrial Infrastructure Development Corporation through its wholly-owned subsidiaries, Sembcorp Green Hydrogen India (SGHI) and Sembcorp Development.

As per the MoU with the Industrial Promotion & Investment Corporation of Odisha, SGHI will explore the development of the green hydrogen production facility. Meanwhile, Sembcorp Development, which signed a separate non-binding MoU with the Odisha Industrial Infrastructure Development Corporation, will assess the potential for developing an industrial park in Odisha, India.

The official press release indicated that the facility is expected to create over 2,000 employment opportunities during its operational phase.

The MoUs were signed by representatives from the Government of Odisha and Sembcorp, in the presence of Singapore’s Minister for Transport and Second Minister for Finance, Chee Hong Tat, and Odisha’s Chief Minister Mohan Charan Majhi, along with other dignitaries. The MoUs were exchanged on the sidelines of the Presidential State Visit of Tharman Shanmugaratnam, President of the Republic of Singapore, to India.

These MoUs are part of the broader framework established by the Governments of Singapore and India to strengthen bilateral collaboration, with an emphasis on six key pillars, including sustainability.

The signing of these MoUs is not expected to have a material impact on Sembcorp's earnings per share or net tangible assets per share for the financial year ending December 31, 2025.

Sembcorp, a Singapore-based provider of energy and urban solutions, announced that it had signed two non-binding Memoranda of Understanding (MoUs) with the Government of Odisha to explore the development of a 720,000 metric tonne per annum green hydrogen production facility and an industrial park in the state. The MoUs were signed by the company with the Industrial Promotion & Investment Corporation of Odisha and the Odisha Industrial Infrastructure Development Corporation through its wholly-owned subsidiaries, Sembcorp Green Hydrogen India (SGHI) and Sembcorp Development. As per the MoU with the Industrial Promotion & Investment Corporation of Odisha, SGHI will explore the development of the green hydrogen production facility. Meanwhile, Sembcorp Development, which signed a separate non-binding MoU with the Odisha Industrial Infrastructure Development Corporation, will assess the potential for developing an industrial park in Odisha, India. The official press release indicated that the facility is expected to create over 2,000 employment opportunities during its operational phase. The MoUs were signed by representatives from the Government of Odisha and Sembcorp, in the presence of Singapore’s Minister for Transport and Second Minister for Finance, Chee Hong Tat, and Odisha’s Chief Minister Mohan Charan Majhi, along with other dignitaries. The MoUs were exchanged on the sidelines of the Presidential State Visit of Tharman Shanmugaratnam, President of the Republic of Singapore, to India. These MoUs are part of the broader framework established by the Governments of Singapore and India to strengthen bilateral collaboration, with an emphasis on six key pillars, including sustainability. The signing of these MoUs is not expected to have a material impact on Sembcorp's earnings per share or net tangible assets per share for the financial year ending December 31, 2025.

Infrastructure Urban

25 Oct 2025

Tata Communications Revives Nagan Thangal Lake in Tamil Nadu

Tata Communications, in partnership with Pitchandikulam Forest, has rejuvenated Nagan Thangal Lake in Upparapalayam village, Tamil Nadu, transforming the 15.01-acre site into a thriving ecological and community hub. Launched in 2022 under *Project Nanneer* (“good water” in Tamil), the initiative has improved water security, biodiversity, and community engagement, as per a recent study by the Watershed Organisation Trust Centre for Resilience Studies (W-CReS). Once a vital but neglected water source for 2,800 residents, the lake’s capacity had dropped by 75 per cent. Through land shaping..

Infrastructure Urban

25 Oct 2025

PTC Industries Wins GTRE Order for Single Crystal Turbine Blades

PTC Industries Limited, a leading manufacturer of high-performance materials and precision-engineered components for aerospace and defence, has received a Purchase Order from the Gas Turbine Research Establishment (GTRE), Defence Research and Development Organisation (DRDO), for Post-Cast Operations to produce Single Crystal ‘Ready-to-Fit’ Turbine Blades. The announcement was made in the presence of Raksha Mantri Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath at the inauguration of PTC’s Titanium & Superalloys Materials Plant in Lucknow. This marks the first time an Indi..

Technology

25 Oct 2025

NCBA unveils East Africa’s first cloud-based corporate platform

Nairobi, 23 October 2025: NCBA Bank has launched Connect Plus, an advanced transaction banking platform powered by Intellect’s eMACH.ai Digital Transaction Banking solution, becoming the first bank in East Africa to adopt a cloud-based corporate banking system. The upgraded platform enhances transaction speed, payment flexibility, cash liquidity management, and integration with other financial platforms, offering a secure and intuitive experience for corporate clients. James Gossip, Managing Director, NCBA Kenya, said the launch aligns with Kenya’s Vision 2030 Digital Economy initiative,..